UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13A-16 OR 15D-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For the
month of November 2020
Commission File Number: 001-38802
CASTOR MARITIME INC.
(Translation of registrant’s name into English)
223
Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036
Limassol, Cyprus
(Address
of principal executive office)
Indicate by
check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form
20-F ⌧ Form
40-F
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)
(1) only permits the submission in paper of a Form 6-K if
submitted solely to provide an attached annual report to security
holders.
Indicate by
check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7)
only permits the submission in paper of a Form 6-K if submitted to
furnish a report or other document that the registrant foreign
private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or
legally organized (the registrant’s “home country”), or under the
rules of the home country exchange on which the registrant’s
securities are traded, as long as the report or other document is
not a press release, is not required to be and has not been
distributed to the registrant’s security holders, and, if
discussing a material event, has already been the subject of a Form
6-K submission or other Commission filing on EDGAR.
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
2020 Annual
Meeting of Shareholders
Castor Maritime Inc. (NASDAQ:
CTRM), (“Castor” or the “Company”), a global shipping company
specializing in the ownership of dry bulk vessels, announces today
that the Company’s Annual Meeting of Shareholders (the “Meeting”)
was duly held on November 25, 2020 at 9:00 a.m., local time, at the
offices of Seward & Kissel LLP, One Battery Park Plaza, New
York, New York 10004.
At the Meeting, each of the following proposals were approved
and adopted:
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1.
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The re-election of Mr. Petros Panagiotidis to serve as Class C
Director until the 2023 Annual Meeting of Shareholders;
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2.
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The appointment of Deloitte Certified Public Accountants S.A.
as the Company’s independent auditors for the fiscal year of 2020;
and
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3.
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The granting of discretionary authority to the Company’s board
of directors (the “Board”) to effect one or more reverse stock
splits of the Company’s issued common shares, at a ratio of not
less than one-for-two and not more than one-for-75 and in the
aggregate at a ratio of not more than one-for-75, inclusive, with
the exact ratio to be set at a whole number within this range to be
determined by the Board, or any duly constituted committee thereof,
and to authorize the Board to implement any such reverse stock
split by filing any such amendment to the Company’s Articles of
Incorporation with the Registrar of Corporations of the Republic of
the Marshall Islands at any time following such approval.
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Nasdaq Bid Deficiency Notice
The Company continues to monitor
the closing bid price of its common shares during the compliance
period and intends to take all necessary steps to regain compliance
with the Nasdaq Capital Market (“Nasdaq”) $1.00 minimum bid price
per share requirement and to maintain its Nasdaq listing, including
by effecting a reverse stock split consolidating the Company’s
issued and outstanding shares. The Company can also cure this
deficiency if the closing bid price of its common shares is $1.00
per share or higher for at least ten consecutive business days
during the grace period, which includes the temporary COVID-19
relief period. In the event the Company does not regain compliance
within the grace period and meets all other listing standards and
requirements, the Company may be eligible for an additional 180-day
grace period. During this time, the Company's common shares will
continue to be listed and trade on the Nasdaq.
The information contained in this
report on Form 6-K and the exhibits attached hereto are hereby
incorporated by reference into the Company's registration
statements on Form F-3 (File Nos. 333-232052, 333-238990 and
333-240262) that were declared effective on June 21, 2019,
September 23, 2020 and September 23, 2020, respectively.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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CASTOR MARITIME INC.
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Dated: November 27, 2020
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By:
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/s/ Petros Panagiotidis
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Petros Panagiotidis
Chairman, Chief Executive Officer and
Chief Financial Officer
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